Updates

The outsourcing of U.S. manufacturing to foreign nations has become a national security issue for the U.S. intelligence community. Top Spy Probes Outsourcing of U.S. Manufacturing. The Director for National Intelligence – the nation’s top spy - is so concerned over loss of domestic capability and dependence on foreign nations for key high-tech materials, components and systems that the intel chief is undertaking a probe of the state of American manufacturing.

Like NAFTA, the Korea Free Trade Agreement grants foreign corporations extraordinary rights and empowers them to sue the U.S. in foreign tribunals and demand compensation for loss of expected profits. These outrageous rules allow unelected UN tribunals to overturn laws approved by the American people, and would even require U.S. taxpayers to pay damages. Over 250 foreign corporations with operations across the US would be given the power to sue you, the American taxpayer. See if one of them is near you.

Phyllis Schlaffly, grand dame of the conservative movement, says trade with communist China is anything but free and downright anti-American. In a recent column titled “Re-evaluating ‘free trade’ with China,” Schlaffly says bluntly “there is nothing free or fair about it. It is trade war between an aggressively protectionist communist government and a U.S. that is shackled by foolish and out-of-date illusions about free trade.” And she has even harsher words for GE boss Jeff Immelt. Read more.

Billionaire businessman Donald Trump says “only an idiot” would approve the Korea free trade deal that’s coming up for a vote on Capitol Hill. Trump’s been on a tear, blasting “moronic” free trade agreements that are “sucking money out of this country.” He says we should tax imports from China - “it’s not a free trade country” - and make stuff in America instead.